DSP Mutual Fund Increases Stake in Syngene International to 5.03% After Acquiring 9.93 Lakh Shares via Open Market Transaction
DSP Trustee Private Limited, acting on behalf of various schemes under DSP Mutual Fund, DSP Alternative Investment Fund, and DSP Global Funds ICAV, has significantly increased its shareholding in Syngene International Ltd. On April 07, 2026, the funds acquired 9,93,389 equity shares of Syngene International through open market transactions. This acquisition raised their collective stake from 4.79% (1,92,92,837 shares) to 5.03% (2,02,86,226 shares) of the company's paid-up capital. The increase in shareholding beyond the 5% threshold triggered a disclosure requirement under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This move indicates a notable investment by DSP funds in Syngene International.
Key Highlights
- DSP Mutual Fund, through its various schemes, increased its stake in Syngene International Ltd to 5.03% of the paid-up capital.
- The acquisition involved 9,93,389 equity shares purchased on April 07, 2026, via open market transactions.
- Prior to this acquisition, DSP funds held 4.79% of Syngene International's shares.
- The substantial acquisition triggered a mandatory disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as the holding crossed the 5% threshold.